MetroCity Bankshares, Inc. (Nasdaq: MCBS) operates as a bank holding company for Metro City Bank, offering a comprehensive range of banking products and services throughout the United States. The company has a robust presence, with 18 locations spanning across seven different states and boasting a total asset value of USD 3.4 billion. Overall, the company’s extensive reach and customer-centric approach make it a promising investment opportunity in the banking sector.
Comps: Business First Bancshares, Inc. (Nasdaq:BFST), Farmers National Banc Corp. (Nasdaq:FMNB)
Compared to other banking institutions, MetroCity Bankshares sets itself apart from other banking institutions through its impressive financial metrics. With an earnings per share of 2.4 and a price-to-earnings ratio of 7, MetroCity Bankshares outperforms its peers in relative earnings metrics. The company’s exceptional profit margin of 44% and strong return-on-equity also demonstrate its ability to generate consistent returns. Despite having a lower revenue compared to some of its competitors, MetroCity Bankshares still manages to generate higher net income. As a result, investors can benefit from the company’s impressive financials and attractive 4.2% yield.